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Bond Market Selloff Sends Mortgage Rates Toward 7.5%
The bond market is getting more volatile as the 10-year Treasury climbs above 5.2%, pushing mortgage rates higher and raising questions about whether the move is becoming disorderly.
Chuck Zodda and Mike Armstrong discuss why bond yields are rising, why the move does not necessarily signal a loss of trust in the U.S. government, and how stronger economic data, sticky inflation, and expectations for Fed hikes are driving the selloff. They also break down the link between oil, diesel prices, and bond yields, why today’s energy disruptions may be more serious than past market scares, and how…
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